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Clearing agent, 44 in court for duping state of GH¢16.4m

A 44-year-old clearing agent, Francis Yaw Terrison is facing trial at an Accra High Court for allegedly duping the state of an amount of GH¢16,369,908.10.

The accused, a Freight Forwarder and the Chief Executive Officer of GATAFX Logistics Limited, a clearing agent company, who operated at the Kotoka International Airport in Accra, is said to have forged Customs Excise Duty Documents and GCB receipts between 2014 and 2019 to defraud the state of the amount.

 Mr Terrison is facing three counts of falsification, alteration and forgery of official documents, fraudulently evading customs duties and money laundering.

The facts of the case read in court indicated that the Ghana Revenue Authority (GRA) in recent times had not been meeting its revenue targets and thus, the Intelligence Unit of the GRA decided to conduct thorough audit into transactions of some key freight forwards whose tax returns looked suspicious.

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The court heard that the GRA zoomed on the accused person’s company GATFAX Logistics Limited and discovered that, the accused person’s company had from 2014 to 2019 suppressed customs excise duties to the tune of GH¢16, 369,908.10 for products his company cleared for Max International, a pharmaceutical company based in the United States of America.

The prosecution said as part of investigations, the Intelligence Unit of the GRA on January 1, 2020, wrote to Max International Company, the importer and GATFAX Logistics Limited, the clearing agency and obtained the import documents from 2017 to 2019.

The court heard that when the import documents were scrutinised, it was detected that, the accused person’s company between 2014 and 2019 under declared to Customs the required duty amount which was to be paid to the state, and paid a lesser amount.

The prosecution explained that on the contrary, the accused after paying a lesser amount, then scans the paid duty documents that he had generated from Customs and inserted or doctored the right duty figures which were supposed to have been paid to the state to make it reflect as the amount paid and used the forged receipts and documents to bill the importer, Max International and unduly benefitted from the suppressed amount differences.

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The court heard that during interrogation and in his caution statement, the accused admitted the offence and narrated how he manipulated the system.

The prosecution told the court that the accused said he used proceeds realised from the deal to buy six plots of land at different locations at Oyarifa and Ayi-Mensa, both suburbs of Accra.

The court further heard that the accused used some of the monies to put up three separate storey-buildings on three of the plots.

BY TIMES REPORTER

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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi

The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.

Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.

According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.

He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.

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He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.

Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.

This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.

The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.

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By: Jacob Aggrey

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There is strength in diversity; let’s live in peace – Zanetor Rawlings urges Ghanaians

Member of Parliament for Korle Klottey, Dr. Zanetor Agyeman-Rawlings, has urged Ghanaians, especially the youth, to value the peace the country enjoys and to see diversity as a source of strength.

Speaking at the National Youth Conference held at the Pentecost Convention Centre under the theme “Igniting Potential; Inspiring Change”, she warned against being lured into conflicts and divisions fueled by reckless statements from politicians, traditional leaders, religious figures, or academics.

According to her, many young people have no idea what it means to live in a country torn apart by war, and therefore must not take Ghana’s peace for granted.

She stressed that the harmony among different ethnic and regional groups should be protected at all costs, since it is peace that allows citizens to gather freely and safely.

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Dr. Zanetor said Ghana’s development depends on embracing diversity and working together.

She urged the youth to tap into this strength so that Ghana would continue to shine as the “Black Star” of Africa and serve as an example for other nations.

She expressed appreciation to the participants for attending the conference and asked for God’s blessings on the country.

By: Jacob Aggrey

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